Arizona considers selling House and Senate buildings

Faced with its worst financial crisis in a generation, Arizona is considering selling dozens of state properties, including its House and Senate buildings, according to an Arizona Republic story.

The state legislature apparently wouldn’t move into a tent, however. The plan would be to have the state lease the buildings back over several years before assuming ownership again.

“The complex financial transaction would allow government services to continue without interruption while giving the state a fast infusion of as much as $735 million, according to Capitol projections,” the story said. The appeal to investors would be stable lease payments.

Anyone want to suggest selling some Washington buildings? I’m thinking the Capitol would make nice condos.